Governor Tiff Macklem is expected to deliver the central bank’s seventh consecutive interest rate hike today. But markets are divided on whether the benchmark rate will be raised by a quarter or half percentage point
The Bank of Canada is expected to deliver its seventh consecutive interest rate hike today at 10 a.m. ET.
Markets are betting on the smaller move, which would still lift the policy rate to 4 per cent for the first time since early 2008.is expected to deliver its seventh consecutive interest rate hike today at 10 a.m. ET. Markets are betting on the smaller, 25-basis-point move, which would still lift the central bank’s benchmark interest rate to 4 per cent for the first time since early 2008.high inflation
“If we don’t do enough, Canadians will continue to endure the hardship of high inflation … If we do too much, we could slow the economy more than needed,” Mr. Macklem told the parliamentary finance committee two weeks ago, in his last appearance before the rate decision.
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Bank of Canada to announce interest rate decision this morningThe Bank of Canada is expected to raise its key interest rate today, making it the seventh consecutive time it does so this year.
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Bank of Canada to announce interest rate decision this morningThe Bank of Canada is expected to raise its key interest rate today, making it the seventh consecutive time it does so this year.
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Bank of Canada expected to announce 7th interest rate hike this year - National | Globalnews.caThe Bank of Canada began raising interest rates in March in response to rapidly rising inflation that peaked at 8.1 per cent in July.
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Posthaste: What the Bank of Canada hike will mean for mortgage borrowersIf the Bank of Canada raises its rate by 50 bps, prime rates are expected to rise to 6.45 per cent. Read more
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Posthaste: What the Bank of Canada hike will mean for mortgage borrowersIf the Bank of Canada raises its rate by 50 bps, prime rates are expected to rise to 6.45 per cent. Read more
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Posthaste: What the Bank of Canada hike will mean for mortgage borrowersIf the Bank of Canada raises its rate by 50 bps, prime rates are expected to rise to 6.45 per cent. Read more
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